L3Harris Extraordinary Items vs Operating Income Analysis

0L3H Stock   241.64  1.39  0.58%   
L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Extraordinary Items and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.

Extraordinary Items vs Operating Income

Extraordinary Items vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Extraordinary Items account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between L3Harris Technologies' Extraordinary Items and Operating Income is -0.07. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Operating Income in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Extraordinary Items and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of L3Harris Technologies are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Extraordinary Items i.e., L3Harris Technologies' Extraordinary Items and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Extraordinary Items

Operating Income

Operating Income is the amount of profit realized from L3Harris Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of L3Harris Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from L3Harris Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Tax Provision is likely to drop to about 267 M in 2024. Discontinued Operations is likely to drop to about (1.2 M) in 2024
 2019 2021 2022 2024 (projected)
Total Revenue18.5B17.8B19.4B18.7B
Depreciation And Amortization894M970M1.2B1.0B

L3Harris Technologies fundamental ratios Correlations

0.80.480.720.030.820.780.2-0.440.990.78-0.440.15-0.060.940.740.890.00.860.850.890.820.220.310.080.68
0.80.260.99-0.540.991.00.54-0.740.710.98-0.740.57-0.440.890.720.98-0.590.980.930.980.340.730.01-0.250.98
0.480.260.150.370.250.280.42-0.380.570.34-0.38-0.620.570.30.820.420.320.230.10.430.6-0.250.550.670.15
0.720.990.15-0.650.970.990.56-0.740.610.97-0.740.67-0.520.840.640.94-0.690.960.920.940.220.81-0.07-0.340.99
0.03-0.540.37-0.65-0.47-0.54-0.630.420.19-0.560.42-0.860.59-0.26-0.12-0.350.96-0.48-0.47-0.380.5-0.870.310.48-0.64
0.820.990.250.97-0.470.990.43-0.780.740.95-0.780.55-0.50.870.680.98-0.550.960.910.970.350.73-0.06-0.320.98
0.781.00.280.99-0.540.990.55-0.80.70.97-0.80.55-0.460.850.720.98-0.610.960.90.970.30.76-0.03-0.280.99
0.20.540.420.56-0.630.430.55-0.450.120.67-0.450.230.130.390.720.48-0.550.50.410.54-0.020.440.320.290.53
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.45-0.41-0.71.0-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.990.710.570.610.190.740.70.12-0.410.68-0.41-0.010.030.870.730.830.140.770.740.820.870.090.350.160.58
0.780.980.340.97-0.560.950.970.67-0.70.68-0.70.52-0.30.890.80.96-0.570.970.920.980.360.680.13-0.10.94
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.451.0-0.41-0.7-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.150.57-0.620.67-0.860.550.550.23-0.3-0.010.52-0.3-0.790.4-0.090.4-0.830.560.620.4-0.340.84-0.44-0.720.66
-0.06-0.440.57-0.520.59-0.5-0.460.130.530.03-0.30.53-0.79-0.140.25-0.320.73-0.35-0.34-0.260.46-0.830.780.98-0.59
0.940.890.30.84-0.260.870.850.39-0.40.870.89-0.40.4-0.140.720.91-0.220.960.970.930.680.380.310.030.78
0.740.720.820.64-0.120.680.720.72-0.580.730.8-0.58-0.090.250.720.8-0.130.710.610.830.60.210.50.430.62
0.890.980.420.94-0.350.980.980.48-0.740.830.96-0.740.4-0.320.910.8-0.420.960.90.990.490.60.1-0.140.93
0.0-0.590.32-0.690.96-0.55-0.61-0.550.620.14-0.570.62-0.830.73-0.22-0.13-0.42-0.48-0.44-0.420.55-0.960.470.63-0.72
0.860.980.230.96-0.480.960.960.5-0.60.770.97-0.60.56-0.350.960.710.96-0.480.980.970.460.630.12-0.170.93
0.850.930.10.92-0.470.910.90.41-0.450.740.92-0.450.62-0.340.970.610.9-0.440.980.920.480.580.14-0.180.87
0.890.980.430.94-0.380.970.970.54-0.70.820.98-0.70.4-0.260.930.830.99-0.420.970.920.510.580.17-0.070.92
0.820.340.60.220.50.350.3-0.020.050.870.360.05-0.340.460.680.60.490.550.460.480.51-0.380.640.540.15
0.220.73-0.250.81-0.870.730.760.44-0.750.090.68-0.750.84-0.830.380.210.6-0.960.630.580.58-0.38-0.51-0.720.85
0.310.010.55-0.070.31-0.06-0.030.320.310.350.130.31-0.440.780.310.50.10.470.120.140.170.64-0.510.83-0.16
0.08-0.250.67-0.340.48-0.32-0.280.290.390.16-0.10.39-0.720.980.030.43-0.140.63-0.17-0.18-0.070.54-0.720.83-0.41
0.680.980.150.99-0.640.980.990.53-0.810.580.94-0.810.66-0.590.780.620.93-0.720.930.870.920.150.85-0.16-0.41
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L3Harris Technologies Account Relationship Matchups

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